Lingrid

GOLD false breakout of RESISTANCE level and FALL

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
As we expected at the beginning of this week, the price completed its growth and reversed its decline.

After the price touched the call support 1675.91 for the second time at the end of March. It grew, during the growth it was able to break through the support line 1741.46. After that, it fixed on this line, rose to the resistance level of 1763.79 and even broke through it. However, the resistance line of August 2020 - 1776.26 also passes near the level. And the price stopped growing.

Now it has moved down from the line, came back to the resistance level, and I expect that after that the price will continue to fall and come to the support zone 1688.69. This will be our goal.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

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